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[–] 1 pt

Peter Schiff

This guy is a total idiot.

I agree.

[–] 1 pt

Kind of related. Bloomberg TV was interviewing someone a couple mornings ago. He said, I'm paraphrasing best I can remember, "Bitcoin is not a real asset, you can't pay your taxes in Bitcoin". I remember thinking, well you can't pay your taxes in gold either! That is what the "experts" want you to hedge in!

Laughable.

I think I caught a clip of that in someone's video, but don't remember the full context. But iirc, there are at least a couple of states that announced they will accept btc for taxes and a t least a couple that recognize metals as currency. AZ, UT and OH, seem to ring a bell, but am not certain on those.

But why would taxes be his biggest concern? Our tax system is a scam anyway, and mostly unconstitutional.

Anything that is finite, permissionless and decentralized is better than our current money system, and as far as being an asset, I trust BTC more than any stock. I can't send you a stock certificate. Afaik, I can't even hold my own stock certificate anymore.

How much moneyprinting is going toward propping up the stock market? How much rehypothecation is going on?

Sorry for the mini rant, was supposed to be a short response, lol.